PUSAT PERNIAGAAN JERAI BESTARI in Kuala Muda, Kedah recorded 2 subsale transactions in 2023, sized between 2,000 and 3,000 sqft, with a median price of RM 674K and a median price per square foot (PSF) of RM 258.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 674K, with most transactions falling within a stable range of RM 642K to RM 706K, and a typical market range of RM 658K to RM 691K.
Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.
For price per square foot, the median is RM 258, with most transactions between RM 235 and RM 281. The usual range is RM 246.18 to RM 269.18, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 23.00 and an average deviation (MAD) of RM 23 indicate a highly stable PSF trend across properties.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.
